S&P Upgrades Ladder Credit Rating to 'BB+'

NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp ("Ladder," the "Company," "we" or "our") (NYSE: LADR), a leading commercial real estate finance REIT, announced today that S&P Global Ratings ("S&P") raised its ratings on Ladder's subsidiary issuers and unsecured notes to 'BB+' from 'BB' and also assigned a 'BB+' issuer credit rating to Ladder Capital Corp. The outlook is stable. S&P cited several factors in the upgrade, including the Company's improved leverage profile, strong busines